In recent years, the electric vehicle (EV) market has experienced significant growth with Australian sales doubling. Electric cars are no longer just a niche trend; they are becoming a mainstream choice for consumers worldwide.
Joel Power, from Smart Energy, says “The shift towards EVs is an inevitable transformation in the automotive industry, and it’s not a question of if it will happen but rather when it will become the norm. As technology advances and environmental concerns continue to grow, the global transition to EVs draws closer every day”
WHY WOULD YOU NEED AN EV CHARGER BEFORE YOU EVEN HAVE AN EV?
Traditionally, consumers purchase an electric vehicle first and then consider installing a charging station at their home or workplace. However, a paradigm shift is occurring where consumers are being presented with the option to invest in an EV charger even if they don’t own an electric vehicle. But why does this approach make sense?
1. Future-Proofing Your Home: The electric vehicle market is booming, and it’s only a matter of time before the majority of drivers transition to EVs. By purchasing an EV charger in advance, you’re making savings in the long run and ensuring you’re prepared for the inevitable shift toward electric mobility.
2. Cost-Effective Installation: Installing an EV charger during new construction, as part of a renovation or alongside the install of a solar and battery system is often more cost-effective and convenient than retrofitting it later. Builders and homeowners can save on installation costs when integrating EV charging infrastructure into initial construction plans or with the wiring of a solar energy system.
3. Convenience: Owning an EV charger without an electric vehicle may seem counterintuitive, but it offers convenience. With Australia’s aim to meet net zero by 2050, it is only time before Aussies start making the switch, and with that uptake will come an upswing in pricing. By better preparing and making the switch, you’ll have a ready-to-use charging station at your disposal, eliminating the need to rely solely on public charging infrastructure.
4. Smart Energy Integration: Many EV chargers today come with smart features, allowing users to schedule charging during off-peak hours when electricity rates are lower. Bundling your EV charger with other smart energy systems, such as solar, can lead to even greater cost savings and efficiency.
MARKET STATS – AUSTRALIA VS. EUROPE
To understand the potential of buying an EV charger before the market becomes too saturated, let’s take a look at some statistics comparing the Australian and European markets.
Australia’s EV market is still in its early stages, with relatively low EV adoption rates compared to Europe. However, government incentives and growing awareness of environmental issues are driving increased interest in electric vehicles. A survey of 1,001 Australians by Savvy has revealed that 73 per cent agree that moving to EVs is important, with 59 per cent stating that they feel that Australia should be “all in” on EVs.
In contrast, Europe has experienced significant growth in EV adoption. So far this year, more than 1.4 million passenger plug-in electric cars have been registered in Europe, with EV sales jumping 60.6 per cent.
SUPPLY AND DEMAND DYNAMICS
The global demand for electric vehicles is on the rise, and this trend is expected to continue. With governments around the world setting ambitious targets to reduce carbon emissions and combat climate change, the shift toward electric mobility is inevitable.
As demand for electric vehicles increases, so does the need for accessible and convenient charging infrastructure. By purchasing an EV charger before owning an electric vehicle, consumers are not only preparing for the future but also contributing to the expansion of the charging network, ultimately benefiting all EV owners.
INVESTING IN THE FUTURE
In the rapidly evolving landscape of electric mobility, investing in an EV charger before owning an electric vehicle can be a smart decision. It future-proofs your home, offers cost-effective installation options, provides convenience, and supports the growth of the EV charging infrastructure.
While Australia may be a step behind Europe in terms of EV adoption, the global shift toward electric vehicles is undeniable. By embracing this change early on, consumers can reap the benefits of a cleaner, more sustainable future while enjoying the convenience and cost savings that come with owning an EV charger.
https://smartenergy.co/au
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